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BP seeks to block Gulf spill settlement payments

By Michael Kunzelman

Associated Press

LAST UPDATED: 11:14 a.m. HST, Mar 15, 2013

NEW ORLEANS » BP has asked a federal judge to block a court-appointed administrator from paying Gulf Coast businesses' claims through a multibillion-dollar settlement over the 2010 oil spill in the Gulf of Mexico.

In a court filing today in New Orleans, the London-based oil giant argues that program administrator Patrick Juneau's method of processing and paying businesses' claims violates the settlement's terms.

Last week, BP warned investors that the settlement's price tag will be "significantly higher" than it initially estimated because businesses' claims have been paid at much higher average amounts than the company anticipated.

BP also said it can't reliably estimate how much it will pay for unresolved business claims following a recent ruling by U.S District Judge Carl Barbier, who rejected BP's interpretation of certain settlement provisions.

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Rainbowgran wrote:
And this is how BP TRULY is taking care of the Gulf
on March 15,2013 | 11:29AM
serious wrote:
The problem is that so many of the fishermen and other vendors worked on a "cash only" basis--i. e. didn't pay taxes and now they are trying to claim the income and BP says, show me where you lost $$$$??? Can't have it both ways.
on March 15,2013 | 12:03PM
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